Official Receiver


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See: assessor

Official Receiver

the official in the Insolvency Service and an Officer of Court who acts as interim receiver and manager of the estate of the debtor and presides at the first meeting of creditors. In a company winding up he often becomes provisional liquidator when a winding-up order is made.
References in periodicals archive ?
The Official Receivers investigation uncovered that ALG had failed to keep, preserve and/or deliver up adequate accounting records to explain the purpose of cashed cheques totalling in excess of 128,000, cash receipts of 10,000, cash withdrawals of 8,500 and to establish what work was conducted in respect of fee notes totalling 994,997.
Tony Hanon, Official Receiver at Public Interest Unit, said:The company persuaded members of the public to part with substantial sums by falsely promising investors extremely high rates of return.
The MP said she and her Middlesbrough Labour colleague MP Andy McDonald had yesterday passed on two more expressions of interest in taking on the steel plant to the Official Receiver and Business Minister Anna Soubry.
Once the office of the companies' registrar receives a court order it takes control of assets as the official receiver, but cannot sell property unless it will be wasted otherwise (e.
A spokesman for the Official Receiver said all efforts to contact Dr Dutt had proved fruitless.
The Official Receiver will examine reasons for the insolvency as well as look to realise assets to pay off creditors.
Tony Hannon, Official Receiver at Public Interest Unit, said: Over the years the Official Receiver has had to deal with many cases where members of the public are cold called by companies offering alternative investment opportunities and claiming unrealistically high rates of return.
But Business Minister Anna Soubry said the Teesside plant had never been profitable, leaving the official receiver with no choice but to close it.
A precise figure cannot be given because Gregory, 27, of Hale, Manchester, failed to meet the Official Receiver, attend court or hand over accounts.
The Leeds-based Official Receiver is now dealing with its affairs.
Luton-based Now Airlines, which was set up at the start of last year to challenge bigger no-frills carriers like EasyJet and Ryanair, went into compulsory liquidation last month, a spokesman for the Official Receiver said.